Signals Growing Market Demand for Vendor Risk Management Solutions
CONCORD, MA — ProcessUnity, a leading provider of cloud-based application software, today announced it has hired Sean Cronin as vice president and general manager of the company’s Risk Suite line of business. In this new executive role, Mr. Cronin will lead the expansion of the business to meet growing demand for the company’s Risk Suite solutions, including vendor risk management.
ProcessUnity’s risk solutions are designed to help organizations streamline and enhance their risk management and compliance processes within the enterprise and with external third-party relationships.
“Organizations today are facing significant challenges in managing vendor and third-party risk in terms of cost, complexity, and lack of insight into inherited risks,” said Mr. Cronin. “ProcessUnity provides a proven, cloud-based solution that combines fast deployment with the configurability and scalability needed to meet these challenges. I’m thrilled to be part of the team responsible for bringing industry-leading solutions to life for our clients.”
Most recently, Mr. Cronin was global vice president of client operations and pre-sales for the Risk Segment at Thomson Reuters Corporation. Previously, he served in GRC leadership positions at Oracle and OpenPages. Mr. Cronin is a graduate of the United States Naval Academy and served as a Lieutenant Commander in the U.S. Navy.
“Sean Cronin brings tremendous market leadership and GRC industry experience to our team,” said Todd Stone, president and CEO of ProcessUnity. “With every key hire we add more expertise to better serve our clients, and we are excited to have Sean join our team.”
ProcessUnity is a leading provider of cloud-based applications for risk management and service delivery management. The company’s software as a service (SaaS) platform gives organizations the control to assess, measure, and mitigate risk and to ensure the optimal performance of key business processes. For public companies and regulated industries, ProcessUnity Risk Suite delivers effective governance and control, vendor risk mitigation, and regulatory compliance. For benefit plan administrators and other financial service firms, ProcessUnity Service Delivery Risk Management (SDRM) controls complex product offerings and strengthens client service experience. ProcessUnity is used by the world’s leading financial service firms and commercial enterprises. The company is headquartered outside Boston, Massachusetts and is funded by Rose Park Advisors and other private investors.
For more information, visit www.processunity.com.